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Sovernet Adds to its Team

Bellows Falls, Vermont — June 18, 2007 —Sovernet Communications, Vermont’s locally operated provider of telecommunications services, is pleased to announce the addition of several new employees.

Jennifer Fabis joins Sovernet as the Director of Finance. Jen brings over 15 years of successful financial and human resource management to Sovernet. For the last seven years, she has served as the Managing Director of Accounting and Human Resources for Platinum Grove Asset Management in Rye Brooke, NY. In her new role at Sovernet, Jennifer will lead the finance team as well as handle all human resource related needs.

Sovernet also welcomes Douglas Brown as a Switch Technician. Most recently coming from One Communications, and previously at Cellular One, Doug comes to Sovernet with over 10 years of switch experience in the telecommunications field.

Patrick Pockette returns to Sovernet’s Field Sales Team after pursuing other career interests since 2005, most recently at Automated Data Processing as a District Manager. For Sovernet, Pat will be covering the Rutland region of Vermont.

Sovernet and the Vermont Foodbank Further Partnership

Bellows Falls, Vermont — June 12, 2007 — Sovernet furthers its and commitment to the Vermont Foodbank. Last week, several Sovernet staff volunteered at the Foodbank headquarters in Barre in honor of National Hunger Awareness Day, sorting and packing boxes of donated foods, and weeding the gardens. And, on September 29th, Sovernet will sponsor a pledge walk with all proceeds donated to the Foodbank.

“We are excited about our Harvest Walk for the Foodbank. It is a chance to walk magnificent trails made available by Bellows Falls’ own Walter Griffiths, during foliage season. We’ll follow up with a Harvest Lunch at Minard’s Pond put together by the Foodbank’s chef. It all adds up to  a healthy walk in a beautiful place and a strong commitment to the Vermont Foodbank”, says Judy Eshelman, Sovernet Communication’s Director of Customer Service.

"The people at Sovernet don't just talk the talk, they walk the walk -- against hunger.  Our friends at Sovernet are taking the extra step to help tens of thousands of needy Vermonters through a Harvest Walk -- a partnership with the Vermont Foodbank -- to raise awareness, food, and funds for people in our communities that face the problem of hunger each day.  This partnership with Sovernet will help everyone get active and in-step with the solutions to the problem of hunger. Access to healthy, safe food should be a right, not a luxury.  Yet, for more than 60,000 needy Vermonters access to an adequate, healthy diet is a challenge.  We are grateful for the people at Sovernet for their passion, energy, and commitment to bring us a few steps closer to a hunger-free Vermont.  Please join us all on September 29th for the Harvest Walk.", says Doug O'Brien, the new CEO of the Vermont Foodbank.

Sovernet Adds to its Team

Bellows Falls, Vermont — May 1, 2007 —Sovernet Communications, Vermont’s locally operated provider of telecommunications services, is pleased to announce internal promotions and new employees.

Jay Bellows has been promoted to Director of Business Sales. Jay has been with Sovernet for 2 years managing the Business Inside and Field Sales Teams. In his new role, Jay will continue to lead the Business Sales Team, as well as reinforcing Sovernet’s commitment to the Northern New England market through the deployment of next generation technology voice and data services.

Sovernet welcomes Eric Smith to its Business Field Sales team. Eric will be an Account Executive focused on Central Vermont and the Upper Valley region of New Hampshire. Most recently coming from Alpine SnowGuards as their national sales manager, Eric directed a successful 5 person sales team.  Prior to that Eric ran his own company Green Mountain Networks (which became Enzes, Inc.).

Francesco Guzzardo has been promoted to Business Field Sales. For the last 3 years, Frank has been working on the Inside Sales Team.  His dedication and commitment to Sovernet and his customers has led to this natural transition. Frank will be focused on the Rutland and Middlebury regions.

Angela Murgoci joins Sovernet’s Customer Care group. Angela comes to Sovernet most recently from Vodafone’s call center in Brasov, Romania.

Sovernet Expands into New Hampshire

Bellows Falls, Vermont — April 10, 2007 —Sovernet reinforces its commitment to the Northern New England market with the deployment of next generation technology voice and data services in Keene and Lebanon, New Hampshire, enabling statewide service.

“We are very excited to be expanding and look forward to building the same long term relationships with our neighbors in New Hampshire as we have in Vermont for the last twelve years”, says Rich Kendall, Sovernet’s President & CEO.

Sovernet’s addition of next generation equipment, along with a major network upgrade, enables the Company to augment its services with the latest value-added, feature-rich digital voice and data applications.

The Company is also pleased to announce a recently completed three year contract with the City of Keene for voice services.

Sovernet Teams up with the Vermont Foodbank

Bellows Falls, Vermont ó February 21, 2007—Sovernet is teaming up with the Vermont Foodbank, an organization that distributed 6.4 million pounds of food to Vermonters last year. The Vermont Foodbank is partnered with Americaís Second Harvest, The Nationís Foodbank Network, the nationís largest charitable hunger-relief organization.

ďWe are very pleased to be partnering with the Vermont Foodbank in their effort to erase hunger throughout Vermont. We feel fortunate that we are able to contribute in a meaningful way both financially, and with the volunteering of our dedicated staff, and look forward to making a positive difference in our state for many years to comeĒ, says Rich Kendall, Sovernet Communicationís President and CEO.

ďWith Sovernet as our partner in ending hunger, we now possess increased resources--through their talented, committed and energetic employees and corporate support-- to creatively distribute food, and reach people in every corner of the state with the message that no one should go hungry in VermontĒ, says Chris Foster, Interim Co-CEO of the Vermont Foodbank.

Founded in 1995, Sovernet Communications is Vermont's first and largest locally operated statewide competitive provider of residential and business telephone and internet services. Sovernet Communications is headquartered in Bellows Falls, with facilities in Burlington and Winooski and is committed to bringing excellent service and services to its customers and to supporting local communities. Sovernet Communications was the first Vermont carrier to offer residential customers a choice of measured or unlimited local telephone service, and the first to allow customers to create their own phone/Internet bundle discounts. Visit www.sover.net, or contact Sovernet Communications by phone (877-877-2120) or email.

November 2006 - Sovernet Communications Announces Staffing Changes

Bellows Falls, VT —In its commitment to providing the highest level of service and support for its customers, Sovernet Communications, Vermontís locally operated provider of internet and telecommunications services is pleased to announce staffing changes in both its Bellows Falls and Winooski offices.

Eileen Maloney comes to Sovernet as a Project Manager where she will help plan, coordinate, and deploy various voice and data projects. She also will be assisting with the set-up and maintenance of two recently deployed Tekelec switches. Working most recently at Burlington Telecom, and previously at Lightship Telecom, Eileen brings a wealth of telecommunications background and knowledge to the Sovernet Team.

Sovernet welcomes Shauna Mackerer, as an Account Manager focusing on southern Vermont. Shauna comes with 10+ years of record breaking achievement and demonstrated success in sales, most recently from Conversent Communications and Lightship Telecom, both telecommunication providers in New England.

Jakob Ragnarsson has been promoted to the position of Network Engineer for Sovernet. Jakob has been with Sovernet for over six years and has been an integral contributor to Sovernetís overall success. In his new role, Jakob will be working on all aspects of service including servers, network infrastructure, voice, and VoIP.

Founded in 1995, Sovernet Communications is Vermont's first and largest locally operated statewide competitive provider of residential and business telephone and internet services. Sovernet Communications is headquartered in Bellows Falls, with facilities in Burlington and Winooski and is committed to bringing excellent service and services to its customers and to supporting local communities. Sovernet Communications was the first Vermont carrier to offer residential customers a choice of measured or unlimited local telephone service, and the first to allow customers to create their own phone/Internet bundle discounts. Visit www.sover.net, or contact Sovernet Communications by phone (877-877-2120) or email.

August 2006 - Sovernet Communications Expands its Work Force

Bellows Falls, VT —Sovernet Communications, Vermontís locally operated provider of internet and telecommunications services is pleased to announce several new employees are joining the team as part of Sovernetís commitment to providing the highest level of service and support for our customers.

Mike Nachaczewski joins Sovernet Communications with over 30 years of experience in the telecommunications industry, most recently working at Lightship/CTC Communications as a field technician. At Sovernet Communications, Mike will continue his work as a field technician with responsibilities including customer premise installations and collocation maintenance. His territory will include Bennington, Rutland, and Addison counties.

Renee Rougier comes to Sovernet Communications as an experienced customer service professional with over 10 years experience from Smiths Medical ASD, Inc. where she had responsibilities for data entry, order processing, and sales reporting. In her new position at Sovernet Communications, Renee will manage the successful implementation of new business accounts in our sales support organization.

Lynne Contois also comes to Sovernet as an experienced customer service professional with over 8 years experience at Smiths Medical ASD, Inc. Her past experience includes working as a customer service representative, and more recently, as a returns administrator. In her new position at Sovernet Communications, Lynne will be responsible for customer care in our service center as well as assisting with reception.

Annette Grenier brings to Sovernet Communications over 9 years of experience in marketing, graphic design and web/e-commerce design, most recently coming from the Vermont Country Store. At Sovernet, Annette will handle and coordinate all marketing-related activities, from public relations to collateral development to web enhancements and will handle any graphic design-related needs.

Founded in 1995, Sovernet Communications is Vermont's first and largest locally operated statewide competitive provider of residential and business telephone and internet services. Sovernet Communications is headquartered in Bellows Falls, with facilities in Burlington and Winooski and is committed to bringing excellent service and services to its customers and to supporting local communities. Sovernet Communications was the first Vermont carrier to offer residential customers a choice of measured or unlimited local telephone service, and the first to allow customers to create their own phone/Internet bundle discounts. Visit www.sover.net, or contact Sovernet Communications by phone (877-877-2120) or email.

February 2006 - SoVerNet sale completed

SALEM, MA —Atlantic Tele-Network completed its purchase of SoVerNet in a deal valued at approximately $12.7 million, company officials announced Tuesday.

SoVerNet will become a subsidiary of ATN and will continue to operate under the SoVerNet name from its primary offices in Bellows Falls and Burlington.

In a news release, ATN also announced that Richard Kendall has been named SoVerNet’s president and chief executive officer, effectively immediately.

Kendall takes over for Thomas Lyons, SoVerNet’s former president, and J. Barton “Tony” Elliott, SoVerNet’s former chairman and CEO, both of whom were major shareholders. Lyons will continue as a consultant to the company and is expected to serve on its management board.

“We are very pleased to complete the acquisition of SoVerNet,” said Michael T. Prior, ATN's CEO, in a statement. “We do not expect any major changes in its business focus, but we will look to enhance and expand upon its current service offerings and strong reputation for customer satisfaction.

“As previously noted, all the employees of SoVerNet have done a great job of building the company over the years and have positioned it well for future growth and profitability. Rich Kendall will fit in nicely with our mutual desire to take SoVerNet to the next level,” Prior added.

Kendall, a Maine native, most recently served as executive vice president of sales at Lightship Telecom, a New Hampshire-based firm with operations across much of New England, including Vermont.

No other management changes at SoVerNet are contemplated, ATN officials said.

Founded in 1995, SoVerNet has approximately 75 employees. In 2005, SoVerNet completed a new fiber optic network backbone to connect its various markets and expand its high-speed data services.

ATN is a telecommunications company with corporate offices in St. Thomas, U.S. Virgin Islands and Salem, Massachusetts. Its principal subsidiaries include: Guyana Telephone and Telegraph Company, Commnet Wireless, which is based in the U.S., and Choice Communications, which is based in the U.S. Virgin Islands. ATN also owns 44 percent of Bermuda Digital Communications Ltd., which, under the Cellular One name, is the largest provider of cellular voice and data services in Bermuda.

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Atlantic Tele-Network To Purchase SoVerNet
SoVerNet Provides Voice and Data Services to Vermont Businesses and Residents

ST. THOMAS, U.S. Virgin Islands—(BUSINESS WIRE)
Dec. 22, 2005—Atlantic Tele-Network, Inc. (“ATN”) (AMEX:ANK [http://finance.yahoo.com/q?s=ank&d=t]; News [http://finance.yahoo.com/q/h?s=ank]), a leading provider of telecommunications services, today announced that it has signed a definitive agreement to acquire 100% of SoVerNet, Inc. in a cash transaction valued at approximately $12.7 million, including the repayment of approximately $1.4 million in SoVerNet debt.

SoVerNet, based in Bellows Falls, Vermont, is a facilities-based provider of communications services to business and residential customers in Vermont, including bundled voice and high speed internet access, as well as traditional dial-up internet services. For the fiscal year ending December 31, 2005, SoVerNet anticipates generating total revenues and operating profit of approximately $12.9 million and $2.1 million, respectively.

ATN will fund the purchase through a combination of cash on hand and borrowings on its existing credit facility. The transaction, structured as a merger, is expected to close in the first quarter of 2006. There are a number of customary conditions to completing the proposed transaction, including the approval of regulatory authorities such as the Vermont PSB and the U.S. Federal Communications Commission. Management anticipates that the transaction will be accretive to ATN’s net income and operating cash flows in either the first or second quarter of 2006. However, due to a number of uncertainties, including the precise allocation of the purchase price to amortizing and non-amortizing intangible assets, the potential increase in ATN’s net income that is likely to result from the transaction cannot be determined at this time. It is even possible that the purchase price allocation could result in the transaction being modestly dilutive to net income.

SoVerNet was founded in 1995, and, together with its subsidiaries, has been generating and growing operating profits for several years. Post-closing, SoVerNet will become an indirect subsidiary of ATN and will continue to operate from its primary offices in Bellows Falls and Burlington, Vermont. SoVerNet has approximately 75 employees, all in Vermont, and its switches and transport facilities cover most of the state and its population base. In 2005, SoVerNet completed a new fiber optic network backbone to connect its markets and allow it to expand its offerings of high-speed data services.

“We were impressed with the quality and capability of SoVerNet’s network and personnel and the positive image the company had generated in its market,” said Cornelius B. Prior, Jr., Chairman and Chief Executive Officer of ATN. “We think it is a solid platform for growth, particularly among the small businesses that are prevalent in Vermont. The opportunity is consistent with our focus on smaller markets for communications services and our interest in communications businesses that have a proven ability to operate profitably and satisfy customers.”

“ATN is an ideal investor for our employees and customers,” said Tom Lyons, SoVerNet’s Chief Executive Officer. “They understand the value of hands-on attention by people who live and work in the same market as their customers. They see the value in what we have built, and we are hopeful that they can enhance and expand upon SoVerNet’s current services and our strong reputation for customer satisfaction.”

Michael T. Prior, ATN’s Chief Financial Officer, added: “Following the Commnet acquisition that closed late in the third quarter, we have continued to look for opportunities to broaden our portfolio of operating assets. SoVerNet fits our strategic focus, and it was available at an attractive price. While SoVerNet faces some challenges—particularly in managing the decline of its dial-up internet service revenues—the team there has been able to grow revenue and operating profits by rolling out new services to their customers and by careful control of costs. With easier and cheaper access to capital, we think it has a good opportunity to continue to grow and that the Northern New England market is an ideal market for this type of provider. SoVerNet has shown that the CLEC model can work if it is operating in the right geographic market, has its own network facilities and is focused on providing outstanding service to the small businesses and home office workers that need an attentive provider.”

Q Advisors LLC served as financial advisers to ATN and Edwards Angell Palmer & Dodge LLP and Kelley, Drye & Warren served as counsel to ATN.

About Atlantic Tele-Network

Atlantic Tele-Network, Inc. is a telecommunications company with corporate offices in St. Thomas, U.S. Virgin Islands and Salem, Massachusetts. Its principal subsidiaries include: Guyana Telephone and Telegraph Company, Limited, which is the national telephone service provider in the Cooperative Republic of Guyana for all local, long-distance and international service, as well as the largest cellular service provider; Commnet Wireless, LLC, which operates wholesale wireless networks with GSM, TDMA, CDMA and analog technologies in rural areas throughout the United States, providing its partners with voice and data roaming services; and Choice Communications, LLC, which provides wireless television and broadband and dial-up data services as the largest Internet service provider and the only wireless TV provider in the United States Virgin Islands. ATN also owns 44% of Bermuda Digital Communications Ltd., which, under the Cellular One name, is the largest provider of cellular voice and data services in Bermuda.

This release contains forward-looking statements within the meaning of the United States federal securities laws, including without limitation Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements may relate to, among other matters, ATN’s future financial performance and results of operations, management’s plans, strategy for the future and market conditions. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events or results. Actual future events and results could differ materially from these statements as a result of many actors, including matters discussed in the Company’s Form 10-K annual report for the year ended December 31, 2004, which is on file with the Securities and Exchange Commission, as well as major competitive developments, material changes in the communications industry or regulation and changes in communications technology. ATN undertakes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors that may affect such forward-looking statements.

Contact:
Atlantic Tele-Network, Inc., St. Thomas
Michael T. Prior, 978-745-8106 x-401
or
Lougee Consulting Group
Bob Lougee (Media), 508-435-6117

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